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<br />OCT-08-56 11.23 FROM.M.B.S.S. <br /> <br />10.570 247 8827 <br /> <br />PAGE 17/18 <br /> <br />M <br />CO Distribution of Revenues Among the UPDer Division State. <br /> <br />c <br /> <br />1. All revenues derived from the imposition of a <br /> <br />differential surcharge would be paid to the state whose <br /> <br />customers incurred such a surcharge, subject to the <br /> <br />conditions and limitations on the use and disposition of <br /> <br />revenues described below. <br /> <br />2. Revenues from the uniform surcharge and from "savings. <br /> <br />effected by making changes in the rate setting procedure <br />would be divided annually among the Upper Division <br /> <br />states per the percentage allocations for power revenues <br /> <br />in the 1956 Colorado River Storage Project Act (i.e., <br /> <br />C~lorado--4G%, New Mexico--17\, Utah--2l.5\, and <br />Wyoming--15.S%): subject, however, to the conditions and <br /> <br />limitations for use and disposition of revenues <br /> <br />described below. In any year in whiCh a state could not <br /> <br />utilize its allocation because of the conditions and <br /> <br />limitations described below, the uniform surcharge would <br /> <br />be reduced accordingly. <br /> <br />use and Disposition of Power Revenues <br /> <br />1. Revenues paid to a state could be used only for the <br /> <br />financing of projects developing the waters of the <br /> <br />Colorado River system. <br /> <br />" <br /> <br />-4- <br />